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i. The Centre has formulated the infrastructure policy to promote
living close to mass public transport corridors like metro, monorail and bus
rapid transit.

ii. Its aim is to addressing the challenges of urbanization.

iii. The new Policy seeks to promote Transit-Oriented Development.

iv. The Ministry of Urban Development is also incentivising the
TOD under new Metro Policy and Green Urban Mobility Scheme that seeks to create
non-motorised transport infrastructure in cities like footpaths and
cycle-tracks.

v. TOD policy is being taken up in Delhi, Ahmedabad, Naya Raipur,
Navi Mumbai and Nagpur.

i.
The Government of India and the Asian Development Bank signed a 375-million-dollar
loans and grants in New Delhi to develop 800-km Visakhapatnam-Chennai
Industrial Corridor.

ii.
The project is the 1st phase of a planned 2,500–kilometer long East Coast
Economic Corridor having total cost of 846 million dollars.

iii.
The Corridor will enhance development in eastern coast in line with the
government’s ‘Make in India’ policy to boost manufacturing by attracting
foreign investment and facilitating the establishment of manufacturing hubs

iv.
The project involves creation of efficient transport and reliable water and
power supplies in the industrial clusters, skilled workforce with
industry-friendly policies to improve ease of doing business for integration of
local economy with global production networks.

1.
MINISTRY OF URBAN DEVELOPMENT APPROVES DEVELOPMENT OF 6 KM LONG BET DWARKADARSHAN CIRCUIT IN GUJARAT AT A COST OF RS.16.27 CR UNDER HRIDAY

i.
As a part of the Central Scheme ‘Heritage City Development and Augmentation
Yojana’, the Ministry of Urban Development has approved development of 6 km
long Bet Dwarka Darshan Circuit in Gujarat at a cost of Rs.16.27 cr.

ii.
The circuit was approved by the HRIDAY National Empowered Committee chaired by
Rajiv Gauba, Secretary GOI.The Circuit will connect the famous Dwarkadish
Haveli and Hanuman Dandi, the only temple housing Hanumanji and his son
Makardhwaj, in Dwarka district of Gujarat.

iii.
The important work under the Darshan Circuit would include development of
streets and pedestrian pathways, laying of cycle tracks along beach side,
plantation, provision of benches, resting spaces, changing rooms, drinking
water and toilet facilities, craft and food bazar, signages, LED lighting,
plazas for vending spaces etc.

ii. Upon
this decision Sikkim has inked MoU with the union government under the Scheme
Ujwal Discom Assurance Yojana for operational improvement of the state’s Power
Distribution Department.UDAY.

iii. The MoU
will help in improving operational efficiency of the power distribution and
reduction in AT&C and transmission losses to 15% and 3.50% respectively, is
possibly to bring in added revenue of around Rs 328 cr.

2.
INTERNATIONAL AYURVEDIC RESEARCH INSTITUTE PLANNED AT KANNUR

i. Kerala CM
Pinarayi Vijayan has decided to set up Ayurvedic research institute and Kerala
Blood Bank society of International standards in Kerala during the 13th five
year plan.

ii.
Ayurvedic research institute will be set up at the cost of Rs 300 cr at Kannur.

iii. It will
be set up jointly by Health Department with technical assistance of WHO and
Thiruvananthapuram Citizens India Charitable Trust.

3. BRICS
SUMMIT’S 1ST SHERPAS MEETING HELD IN CHINA

i. China is
hosting the 1st official BRICS Sherpas Meeting in Nanjing -Jiangsu Province
under its chairmanship.

ii. The
meeting is focusing on the theme of “Stronger Partnership for a Brighter
Future” upon considering the current international situation.

iii. This
event will see a participation of 100 people including Sherpas, the New
Development Bank representatives and diplomatic envoys in China.

4.
INDIA’S GDP PROJECTED TO SLOW TO 6.6% POST-DEMONETIZATION: IMF

i
.International Monetary Fund come up with India’s growth projection which
predicted slow 6.6% in 2016-17 fiscal due to “temporary disruptions” caused by
demonetization.

ii. The IMF
has noted that demonetization would have only short term impact on the economy
and it would bounce back to its expected growth of more than 8% in the next few IMF announces implementation of long due
quota reform years.

iii. The IMF
said in its annual country report on India mentioned that growth is projected
to slow to 6.6% in FY2016/17, and then rebound to 7.2% in FY2017/18, due to
temporary disruptions, primarily to private consumption as a result of cash
shortage.

i.
The Union Cabinet Committee on Economic Affairs okayed revised norms for the
Scheme for Development of Solar Parks and Ultra Mega Solar Power Projects with
the production target enhancement to 40,000 MW from the present 20,000 MW.

ii.
Cabinet has given its approval for signing of a Memorandum of Understanding
between India and Australia for promotion and development of cooperation in
civil aviation security.

iii.
Cabinet has approved the signing of Air Services Agreement between India and
Greece which has the potential to spur greater trade, investment, tourism and
cultural exchange also in line government’s developments in the civil aviation
sector.

i.
Arunachal Pradesh CM Pema Khandu in the presence of Union Minister of State for
Home Affairs Kiren Rijiju inaugurated the Composite Regional Centre at Itanagar
Banquet Hall, Arunachal Pradesh.

ii.
Its aim is to create resources and infrastructure required for developing
services for persons with disabilities. Total outlay for this project was Rs.20
Cr.

iii.
The centre is established under the National Institute for Locomotor
Disabilities, Ministry of Social Justice & Empowerment, Govt. of India
Kolkata of Department of Empowerment of Persons with Disabilities.